Lifetime Brands Q2 net sales rise 7.4%, beat estimates

Lifetime Brands

06/08/2026 12:35

Overview
U.S. home goods maker's Q2 net sales rose 7.4%, beating analyst expectations
Adjusted net income swung to profit from loss a year ago, aided by tariff refund
Company raised full-yr earnings guidance on tariff refund recognition

Outlook
Lifetime Brands raises full-year 2026 earnings guidance to reflect tariff refunds
Company maintains 2026 net sales guidance at $650 to $700 mln
Lifetime Brands sees 2026 diluted EPS at $1.03 to $1.10, up from prior $(0.30) to $(0.23)

Result Drivers
TARIFF REFUND - Co said Q2 earnings and gross margin benefited from recognition of tariff refunds paid in 2025
WAREHOUSE CLUB AND E-COMMERCE - Growth in warehouse club programs and e-commerce offset softer end markets
FARBERWARE RELAUNCH - Co said relaunch of redesigned Farberware line was off to an encouraging start

Company press release: ID:nGNXVhPh3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$141.57 mln
$136.66 mln (3 Analysts)
Q2 EPS
 
$0.87
 
Q2 Adjusted Net Income
Beat
$26.60 mln
-$4.60 mln (1 Analyst)
Q2 Net Income
 
$19.61 mln
 
Q2 Income From Operations
 
$31.63 mln
 
Q2 Pretax Profit
 
$27.71 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the appliances, tools & housewares peer group is "hold."
Wall Street's median 12-month price target for Lifetime Brands Inc is $10.00, about 18.8% above its August 5 closing price of $8.42
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 5 - Hamilton Beach Q2 revenue rises, raises margin and operating profit outlook
Aug 5 - US refunds $100 billion in tariffs struck down by Supreme Court, filing shows
Aug 5 - SharkNinja Q2 sales beat; raises FY26 net sales growth outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)